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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Dec 27, 2001
Page
17
A reader recalls investing $10,000 in emus after a friend promised big returns. He warns against buying assets with no defined market and notes tax write offs that masked larger losses while highlighting the risk of speculative ventures.
Whirlpool traces its roots to 1911 and the Upton Machine Co. of St Joseph Michigan, becoming a major appliance maker by 1950s. It survived bankruptcy in 1964 retooled, and now leads global home appliances under 11 brands in 170 countries while supplying Kenmore to Sears.
Dynegy dropped its bid for Enron after Enron bankruptcy and now faces a lawsuit from Enron with Dynegy countersuit. The ongoing legal clash plus Enron's collapse keep investors wary as Dynegy touts 900 million in liquidity while warning about the risks of a trading heavy business.
The attacks shift workers toward home offices with Marcella Parsons and others adopting telecommuting. Surveys show rising interest and adoption among big firms, though most employers remain skeptical about supervision and “face time.” Known adopters include VPacket and Northern Trust Global Investments.
Chicago area weather map spotlights ideal flying conditions as Orbitz, shaken by the September 11 attacks, regains ground. The AP notes the online travel sector, led by Orbitz, has benefited from bargain seekers and broader Internet use, with expected 14.2 billion in online leisure sales this year.
Investors push stocks higher on stronger than expected holiday sales from Wal-Mart and Yahoo! fueling optimism about consumer spending and the broader economy.
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